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"The recent high of 18,442.15 in Nifty would act as a strong resistance zone. We can find the trendline support region around the 18,100 zone, so we believe that nifty would be range bound between these two regions for the time being. Similarly, for Nifty Bank the level to watch for the upside is 42600 and 42,225 for the downside."

Havells India Ltd., incorporated in the year 1983, is a Large Cap company (having a market cap of Rs 76531.09 Crore) operating in Consumer Durables sector.

“There is a strong tailwind and a strong headwind which can sway the market now. The tailwind is the sharp decline in Brent crude to $86.75, which is a big macro positive for India. But this tailwind is unlikely to take the market higher since the headwind in the form of steadily declining momentum in the recent market uptrend, is very strong,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

BofA Securities maintained a buy rating on Glenmark Life with a target price of Rs 560. Sustainable growth drivers are in focus.

“There is a strong tailwind and a strong headwind which can sway the market now. The tailwind is the sharp decline in Brent crude to $86.75, which is a big macro positive for India. But this tailwind is unlikely to take the market higher since the headwind in the form of steadily declining momentum in the recent market uptrend, is very strong,” V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services said.

Easy Trip Planners shares will trade ex-bonus. Also, the stock will trade ex-split in the ratio of 1:2. The board of Triveni Glass will meet to consider and approve the date, time, and venue for holding the extraordinary general meeting of the company and other related matters.

The semiconductor sector is at the center of a growing rift between the US and China as the two nations vie for leadership in the global technology industry. Washington has imposed elevated sanctions on high-end chips produced for Chinese customers specifically to forestall them making their way into the hands of the Chinese military.

He expects the overall demand in rural markets to improve in the January-March quarter once harvests are completed and farmers receive money in their hands. Commodity inflation will further ease out by then thus providing more buoyancy, he added.

"Given how far U.S. bond yields and the dollar have dropped in the past couple of weeks, we think there is a good chance that they rebound if the Fed minutes are in line with the recent hawkish language from members," said Jonas Goltermann, a senior markets economist at Capital Economics.

Asian share markets turned hesitant as investors fretted about the economic fallout from fresh COVID-19 restrictions in China, also the top bullion consumer, while bonds and the dollar braced for more updates on U.S. monetary policy.